President Maithripala Sirisena says that the government has launched a development programme which provides a systematic development based on a long term plan and which eradicates the poverty of the people. It is not a development which satisfies a certain party in the country but a development programme which is implemented that has identified the…
Prototypes of office suite unveiled Redefining Colombo’s business workspace, the prestigious internationally developed and managed mixed-use development project by the Shangri-La Group, Thursday (21) celebrated the topping-out of the One Galle Face Tower on schedule. The exclusive One Galle Face Tower which is nearing completion is scheduled to begin operations during the second quarter of…
Aims to strengthen its Omni-channel Banking Solution business, focusing on the Switching Processing System and Multi-vendor ATM Software Colombo, June 20, 2018 — Hitachi-Omron Terminal Solutions, Corp. (“Hitachi-Omron Terminal Solutions”) today announced that it has signed a business alliance agreement with Interblocks Limited (“Interblocks”), and will invest in Interblocks. Through this alliance,…
Airtel has opened its doors to the undergraduates of theDepartment of Marketing Management, Faculty of Management Studies and Commerce of University of Sri Jayewardenepura under the Airtel Industry Partnership Programme—a joint academic cum industry work exposure programme that helps undergraduates understand the essence of business at large. The programmewill offer undergraduates of the University…
Currently, the most advanced research vessel in the world, the Dr Fridtjof Nansen arrived in Colombo to conduct surveys on fisheries resources and the marine ecosystem. The survey, starting in Colombo on 24 June 2018 will cover the continental shelf and upper slope of Sri Lanka until 16 July 2018. The last visit of a Nansen research…
Reuters – Sri Lankan shares ended steady on Friday, staying close to the 14-month low hit this week and marking their fifth straight week of losses. The Colombo stock index ended 0.01 percent weaker at 6,228.15, hovering near its lowest close since April 2017 hit on Wednesday. The bourse fell 1.63 percent this week. “Though…
Reuters – The Sri Lankan rupee ended firmer on Friday, further pulling away from a record-low, as exporters sold the U.S. dollar and foreign investors bought government securities a day after the island nation received more than half a billion dollars from a Chinese port operator, dealers said. After market hours on Wednesday, a state-run…
100,000 sq.ft. factory signals the entry of the company into the biscuit market Uswatte Confectionery Works, Sri Lanka’s oldest confectionery manufacturer with a history of 63 years, opened their latest factory in their premises at Millaniya. The state-of-the-art factory will focus exclusively on the manufacturing of biscuits and signifies the entry of Uswatte into…
Headline Inflation, as measured by the change in the National Consumer Price Index (NCPI, 2013=100), which is compiled by the Department of Census and Statistics (DCS), increased to 2.1 per cent in May 2018 from 1.6 per cent in April 2018, on year-on-year basis. The increase in the year-on-year inflation in May 2018 was mainly…
Reuters – Sri Lankan shares ended slightly firmer on Thursday, snapping a 10-session losing streak, as local investors bought battered beverage and telecom shares. The Colombo stock index gained 0.18 percent to close at 6,229.06, edging higher from its lowest close since April 5, 2017 hit on Wednesday. “Market is up on local buying, mostly…
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